Omers offers 10-year notes; talk SOFR mid-swaps plus 135 bps area

By Cristal Cody

Chicago, Nov. 8 – Omers Finance Trust is opening the order book on Wednesday for a new offering of dollar-denominated senior notes, according to a market source.

The company is offering notes due Nov. 15, 2033.

Initial price talk has the deal coming in the SOFR mid-swaps plus 135 basis points area.

BofA Securities, Inc., BMO Capital Markets Corp., CIBC and RBC Capital Markets LLC are bookrunners for Rule 144A and Regulation S deal.

Omers Finance is a Toronto-based financing arm of the Ontario Municipal Employees Retirement System.

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